Today's Headlines

Bloomberg:

• Trump Welcomes Saudi Crown Prince to U.S. as ‘Great Purchaser’. President Donald Trump welcomed Saudi Crown Prince Mohammed Bin Salman as a friend of the U.S. and “big purchaser” of American armaments and investments. “A lot of people are at work” because of Saudi Arabia’s business, Trump said, adding that the kingdom has finalized $12.5 billion in purchases of planes, missiles and frigates from U.S. companies. Prince Mohammed praised the kingdom’s “really deep” relationship with the U.S. and said the Saudis are considering $400 billion in U.S. investment opportunities.

• China's Aim to Remove Cancer Drug Taxes May Boost Pfizer(PFE), Glaxo.

• Trump's China Trade Spat Stirs Little Concern in Stock Market. (video)

• Tech Stocks Decouple From Facebook(FB). Facebook added to losses in high-flying tech peers on Monday. But today, they’re standing strong.

• California Is About to Get Hit With More Mudslides.

• As Fed Rate Fears Ebb, Dividend ETF Sees 27th Week of Inflows.

• Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges.

Wall Street Journal:

• House Speaker Ryan Says Trump Won’t Fire Special Counsel in Russia Probe. Lawmaker declined to say who provided the assurances nor how Congress would react if Trump moved to end Robert Mueller’s probe, as concerns grow about president’s attacks.

• Package Explodes at FedEx Facility in Texas, Following Austin Bombs. Blast outside San Antonio may be linked to ‘serial bomber’ in Austin, FBI says.

• Banking on Deregulation Is Still a Good Bet. Despite some last-minute jitters in Washington, regulatory relief looks to be coming for small and medium-size banks. 

• China’s Leaders Smooth Trade Tensions but Talk Tough on Taiwan. But Premier Li Keqiang and President Xi Jinping took a stern line on Taiwan, warning against attempts to divide China.

MarketWatch.com:

• Your data is at risk on Facebook(FB), but so is your mental health.

Fox News:

• Shooter dead, two injured after shooting at Great Mills High School in Maryland. (video)

• Obama 2012 campaign 'sucked' data from Facebook, former official says. (video)

CNBC:

• Republicans scramble to release spending bill as government shutdown deadline nears. (video)

• Amazon's(AMZN) secretive health team talking with AARP about making products for older people.

• Venture firm Sequoia is building a $12 billion war chest after SoftBank raises stakes.

• Californians fed up with housing costs and taxes are fleeing state in big numbers. (video)

• Amazon(AMZN) shares could 'easily' hit $1,900 this year, Goldman Sachs says.

• Hedge fund managers that do the most research will post the best returns returns, study suggests.

• The suddenly hot job market for workers over 50.

• Zuckerberg has sold more Facebook(FB) stock in the last 3 months than any insider at any other company.

Zero Hedge:  

• Trump Calls Putin To Congratulate Him On Re-election Victory.

• Why Citi Is Suddenly Freaking Out About The Exploding LIBOR-OIS. (graph)

• The Problem Is Facebook(FB), Not Cambridge Analytica.

• Tempe Police Say "No Fault By Uber" In Fatal Crash.

• Fourth Nor'Easter Of The Month Could Paralyze North East (Again).

• Wall Street Unexpectedly Turns Extremely Bearish On Global Growth. (graph)

• Facebook(FB) Shares Extend Plunge After FTC Probe Revealed.

• Emperor Xi Delivers Stark Warning To Trump: Hands Off Taiwan.